Insurance news and resources for the claims industry
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Bayer Must Pay $78 Million in Latest Roundup Cancer Trial, Jury Finds

Bayer must pay $78 million to a Pennsylvania man who said he got cancer from using the company’s Roundup weedkiller, a state court jury in Philadelphia found on Thursday. The verdict follows previous consecutive victories for Bayer in that court. …

Fri Oct 11, 2024 18:56
Much of Milton’s Worst Damage Came From Wind, Not Water

Hurricane Milton’s devastating path across Florida has left at least 10 dead, millions without power, and destroyed homes and crops, as authorities warn it could take days to assess the full extent of the damages. Milton delivered a quick, hard …

Fri Oct 11, 2024 18:56
Howden Alleged to Have Poached Insurance Rival’s Team in UK Suit

One of the U.K.’s top insurers is accused of using a team of “recruiting sergeants” to poach talent from a rival that led to mass resignations in Brazil and London. Aon UK Ltd. sued Howden Group Holdings Ltd. in the …

Fri Oct 11, 2024 08:24
Report: TD to Face US Growth Limits, $3B Penalty for Money-Laundering Failures

Toronto-Dominion Bank will pay about $3 billion in penalties and face restrictions on its U.S. growth in a settlement with regulators over its failure to catch money laundering, the Wall Street Journal reported. Regulators are likely to announce a settlement …

Fri Oct 11, 2024 08:24
J&J Talc Bankruptcy Stays in Texas Despite ‘Forum-Shopping’ Opposition

A Johnson & Johnson subsidiary can pursue its third attempt to resolve tens of thousands of lawsuits alleging its talc products caused cancer in a Texas bankruptcy court, a judge ruled on Thursday, allowing the company to avoid a venue …

Fri Oct 11, 2024 08:24
Florida CFO Bars Insurers From Altering Adjusters’ Reports Without Explanation

Almost two years after a group of independent claims adjusters alleged that insurers had deceptively altered their damage estimates and low-balled policyholders, Florida’s chief financial officer has issued an emergency rule barring similar actions in Hurricane Milton claims. “Any move …

Fri Oct 11, 2024 08:24

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